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a 500 pound settlement with u.s. and uk regulators later this week. rbs will cover the bonus pools after a warning from the government that taxpayers should not foot the bill. rbs is planning to float the 316 branches of santander it has so far failed to sell. according to the papers, an ipo would allow the bank to dispose of that unit cleanly. lots going on. we're pleased to be joined by michael brown. welcome. >> happy monday morning. >> i know you want to talk about the super bowl. >> well, that would be nice given i was up watching it. >> i'm impressed. i should have been up staying up all night. my sister lives in baltimore. >> there are plenty of bank stories to get to in the meantime. >> absolutely. >> we're going to hear from george osborne in just a couple on hours' time. what does this mean? >> the idea is, of course, that we should have capital in both parts. but the problem is, there isn't enough capital to go around and, therefore, you don't want to spook the financial markets by saying, by the way, yes, you do need to have this. how do we get to where we want to be, i.e. en
display ads on yahoo sites. the wall street journal reports american airlines and u.s. airways may announce a merger in a week or so. shares of u.s. airways flew higher. and let it snow! ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powder-packed weekend. mark sebastian of option pit mentoring joins us now for a closer look at the market. good morning to you. do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark? > > you know, maybe, but i wouldn't. i think we are due for a breather here at this 14,000 level in the dow. but there are going to be a lot of investors that see this train that has already left the station and want to get onboard. i think we are going to see an all-time high in the dow in the next 30 to 60 days. > wow. let's do some bonding: what do you think about the bond market? is this the time to buy there? > > for a short-term trader, yes. i think we have hit a near- term low. but over the long haul, rates are still really low historically.
in the next few hours. >>> on the hot seat, the latest grilling over the attack on the u.s. consulate in libya. the response from the secretary of defense when he was accused of being unprepared. >> and things get heated during the head of the next head of the cia. the reason protesters disrupted it multiple times. >>> the green light capital filed a lawsuit against apple. green light owned apple stock since 2010 and wants the company to share more capital. they have been trying to get them to create a new class of preferred stock. apple began baying a divend last year. >>> the committee put another top government official on the hot seat over the deadly attacks on the u.s. consulate in libya. >> what is clear the united states is unprepared for what occurred in benghazi. >> i believe the department of defense and the armed forces did all we could do in the response to the attacks. >> u.s. defense secretary leon panetta insisted the government employed every asset to respond to the september 11 attack on the u.s. consulate in libya. cocoa krispies and three other -- cocoa krispies and -- chris
. the u.s. government has been bringing this up with the chinese for a long time. it is low risk. it is low cost. it is high return and difficult to track. even getting a location on these servers, this is a little bit of guesswork involved there. there are real challenges there. the big question is, how do we respond? connell: if you had to give a great to the american public, how ready are we? >> there are so many elements. you have to peel back the onion. you have to talk about things like, you know, the electrical grid and things like that. i would say we are at a c level. guy forbid, it could come to conflict with the chinese could shut out the lights on us here. shut off the power. shut out though, you know, air traffic control system. connell: thank you. i also want to point out that the ceo of that company preparing the report will be on the next hour of "markets now" with dennis kneale and cheryl casone. dagen: already looking into some stock orders. what does the chief have to say about this? connell: washington's spending problem. entitlement programs like social secur
of these agenda items through. >> every bit of it. >>> a u.s. senator's travel habits are under fire right now and may land him in serious legal trouble. we have the document showing that senator bob menendez, did not, as requested, to report that he accepted free plane trips. >>> and the fall of a man who was once the most catholic leaders in the united states. it's chevy truck month! silverado was also recognized for the lowest cost of ownership. hey, what are you gonna do with it? end table. oh. [ male announcer ] it's chevy truck month. now get 0% financing for 60 months, plus trade up to get $1,750 total allowance on a silverado all-star edition. or trade up and choose customer cash plus option package discount for a total value of $7,250. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business p
address january 24th of last year, just weeks after the last u.s. troops had left iraq for the last time. in the run-up to this year's state of the union address, just this weekend, the weekend before the first state of the union of president obama's second term, this is what happened in afghanistan. this is the change of command ceremony in afghanistan. general john allen handing over command of u.s. and international troops in afghanistan to a new commander, to general joseph dunford. this is the 14th time that command has transferred in the afghanistan war, because that war has been going on for that long. general john allen is out as commander. he is handing over the leadership. if all goes as planned, general dunford is going to be the last person to have this job. he will be the 15th of 15 u.s. commanding generals for this war in afghanistan. as such, a substantial portion of what he'll be responsible for as commander will be leaving, the huge logistical feat of getting us after fighting there for 12 years. is that going to be a focal point of tomorrow's state of the union address?
, technically i wear one. the u.s. postal service®, no business too small. martha: you are the seth mcfa martha: "happening now" starts right now. jon: brand-new stories and breaking news. jenna: four days ago in washington's fight to avoid steep budget cuts u. may feel it in a big way on your next trip to the airport. more on the olympic icon charged with premeditated murder. we have the latest on the "blade runner" charged with killing his girlfriend. a second serving of severe winter weather. it's all happening now. countdown to the sequester showdown. hi, everybody, i'm jenna lee. and i just floated this idea to our audience. you know the jaws music from the academy awards? every time we say sequester this week i'm wondering if it should come up. jon: a little audio cue. jenna: both because it's a little ridiculous and also because everyone is making it so dramatic. jon: i'm i'm jon scott. four days until the cuts kick in. democrats holding a news conference now with the air travel association on how sequestration will affect air travelers, but they are not the only ones. the white house sa
say they do not have the capability to make a bomb. >> well, zoraida, it will be days before the u.s. has a very good handle on the size of the explosion, the size of the payload, but at first glance what u.s. officials are very concerned about are north korea's claims that it testified a miniaturized nuclear weapon. why is that so concerning? that means they're closer to making a missile that they could launch toward the united states. these types of dplier tesnuclea moves them closer to mastering the idea. it was expected, officials tell me, that north korea warned the u.s. and china yesterday that a test was eminent. after the test president obama issued a statement. what he said was north korea's nuclear weapons and ballistic missile programs constitute a threat to u.s. national security and to international peace and security. we will strengthen close coordination with allies and partners and work with our six-party partners,united nations security council and other u.n. member states to pursue this. they will be meeting this morning in an emergency session. my source is telling
seek to narrow it like when we persuade ad court to drastically limit a u.s. government request for two months of user search queries. now, keep in mind, google owns an awful lot of properties. not only is there google but gmail, youtube, picasso, online photo sharing site. feed burner, a management tool for bloggers or orkit. a networking site popular in india and brazil and android smartphone operating system. this new legal issue how much access the government should have to internet communications is subject of a conference featuring legal scholars, civil libertarians and google representatives is starting at 1230 in washington. we'll keep an eye on that. if you don't want the government to poke around your online history. delete your history. it doesn't entirely stop the access of it but limits the duration they can examine it. jon, back to you. jon: brave new world we're getting into. doug mckelway, thank you. jenna: don't why when you buy. that is the national campaign when purchasing firearms. statistics show buyers are not always completely honest. many are suspected of giving
along with joe kernen and andrew ross sorkin. keeping an eye on the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be speaking at a forum in new york. you don't have to wait until then to get inside scoop on the central bank. james bullard will be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room and try to get his take to wher
're seeing red arrows on the board. most notably the euro hitting a one-week low against the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office could be eliminating or cutting back deliveries on saturday. we'll explain. they carry the official announcement at 10:00 a.m. this morning. >>> we start with disney. shares rising pre-market, set to open at all-time highs at fiscal fourth quarter profits beat the markets. growing attendance at the theme parks. real news came during bob iger's interview with our own julia boorstin. >> in fact, we are working on a few stand-alone films. larry kazden and simon ginberg are working on films derived on "star wars" characters that are not part of the ov
department cuts, according to this forced budget plan cut. just for some perspective, the u.s. is going to spend $88 billion this year, this year in afghanistan. we're going to have much more on this part of the story coming up later, barbara. thanks very much into here in washington, president obama is doing an end around the national press today. he's taking questions from local tv stations, blaming congress for doing nothing to avoid these forced spending cuts scheduled to take effect in just nine days. so what kind of cuts is the president willing to take? jim acosta confronted the white house press secretary today with that question. jim is joining us now. how did it go? >> reporter: wolf, here we go again. the white house and congress move one day closer to the massive forced spending cuts that go into effect at the end of next week. and even though they both agree it's a problem, they are both busy blaming each other to fix it. the white house sounding the alarm. poor children will be tossed out of classrooms, health services will be slashed, border security will be compromised a
, art, certainly we have a lot of deals going on. the biggest month for u.s. deals since june 2008. it's the gdps around the world putting a wrempbl into futures this morning. >> particularly in europe, shares of gdp reports knocked europe for a tailspin here. not too much valentine's day cheer showing up. so far beginning to look like the dow has given up rallying for lent. let's hope that doesn't continue. >> lent is a long time so let's hope not. in terms of the g-20, it's sort of a photo-op and that's it. is it much more important this time around as there's so many statements regarding currency manipulation being bandied about, having an impact on currency market and equity markets. >> you're absolutely correct. it went from g 7 comments to possibly right on the main table. g-20 meeting. the thrust is the end. how do we keep this orderly and prevent an outright currency war from breaking out. we've got a lot of american message fund players going along. half the world appears to be short the end believing this is going on. >> a longtime strategy to a certain extent, worries about
in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with breast cancer who still need us every day. register for the 3-day now. (woman) it's just been an amazing, amazing journey. i love these people. ♪ and it's beautiful >> 6:10 on friday. the winds are nonexistent compared to yesterday. we will talk temperatures. we are running around 34 in napa and 38 in concord and san jose, and 36 in los gatos and half moon bay, and 39 in hayward, and san carlos and everyone else low-to-mid 40's. throughout the afternoon hours, how about upper 50's at the coast, maybe a few mid-50's like half moon bay and low-to-mid 60's for the rest of us. headed into tomorrow we will have temperatures on the decline and i will show you that in a second and a chance for sprinkles. sue? >> back to san jose update on the accident, the capital expressway involving a bus car ran a red light, hit the bus, more damage to the car than the bus but one person is injured and taken to the hospital but the intersectio
's the higher end of walmart's previously issued guidance range. the world's largest retailer forecast, the u.s. key same-store sales to grow between 1% and 3%. last year's fourth quarter grew 1.5 year over year. but beyond financials, investors will look into possible investigations. there hasn't been a clear timeline as to when the investigation results will be released from the allegations that walmart issued millions of dollars in bribes to officials in mexico. if you remember, it was last quarter that walmart stated an s.e.c. filings that they have expanded those investigations beyond just mexico and to brazil, china and india. >> you know, this is going to be a fascinating story today. we heard about these leaked memos. walmart knocking it down saying things were taken out of context. i saw something overnight from the nrf, national retail federation where they said something like six out of ten americans say their savings and their budgeting has been somewhat or greatly impacted by the changes in the taxes that kicked in at the beginning of the year. >> and i think it's interesting becau
, back to you. >> thank you very much, simon hobbs. let's see how this is all going to impact the u.s. session here. we have the head of u.s. equity and quantitative strategy with bank of america, merrill lynch. nice to see you. >> nice to see you, too. thank you for having me on. >> we've been able to put europe on the back burner, but right now it might bring back bad memory for investors that this is exactly what derailed us a year ago. >> it's eerily similar. you know, i think, though, that the big surprise for the u.s. equity market is that we might not see a pullback. i feel like everyone's expecting one. and we might not actually see one. for a bunch of reasons. i mean, last year, i think one thing that was a little bit different was that sentiment was not as negative as it was at this point, where we are today. if you look at wall street strategists, equity allocation is still sub 50%. you've still got a lot of strategists with price targets below where the market is today. i feel like a lot of investors have regarded this rally that we've seen so far as, you know, too far, to
, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: we are up 150 points on the dow and the only bad news is we were down 200 points yesterday. tracy: i think it lee will be talked about, sequester will be talked about and this market will play sideways until then. maybe you think i am crazy. lori: that is beside the point. [talking over each other] lori: who are you? john kerry? he had a big gap in a new country. anyway. good afternoon once again. i am lori rothman. melissa: i am melissa frances. senator's attack ben bernanke and the fed's bond buying program. the fed chairman says the benefits of the easy money policy out raise the rest. president obama on the road in virginia with a warning for shipbill is about automatic spending cuts but no sign
for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. well, technically i wear one. google's backyard for the wbing it on challenge.. [fight bell: ding, ding] what's your preferred search engine? search engine, uhh, probably google. if we do a side by side blind test comparison, and you end up choosing google, you get an xbox. i'll bet you the xbox, you bet me your son. well let's look up what you need. okay, i would do the left. yeah? what?! i am a daddy! bing wins it! bing won. bing did win. people prefer bing over google for the web's top searches. don't believe it? go to bingiton.com and see what you're missg. >>> gabby giffords will be at the state of the union address on tuesday a guest of representative ron barber who's placed her in the house. giffords was shot in the head in january 2011 in arizona. six other people were killed. just last month giffords called on congress to enact tougher gun laws. >>> this weekend michelle obama attended the funeral for the 15-year-old chicago honor stu
on the docket. it hasn't fallen apart like everybody want thad to. here we sit in the u.s. with everybody is buying hand over fist. i've been doing it a long time and i'm still conflicted. i know these corporations have been showing better results. but at the end of the day, we still have qe because of no growth. >> rebecca patterson would tell you you have just enough growth, actually, you have a wonderful spot where it's just weak enough where the fed keeps their foot on the pedal and that's why it's the perfect moment, at least now, for the market. >> i guess it's that little circle we used to have on our baseball bats. we have to be careful about that thing cracking in half. that's what i think a sweet spot is. here we are, you have a 7.9% rate. i can debate all long about whether the housing market is getting better or not. that's the reason why we have this influx of qe. why would we be without qe? ultimately, it's all about growth and we just don't have it. here we go, the stocks are full steam ahead. i can't tell my customers not be on board, but i can tell them not the be on boar
conference in paris. >> is the u.s. willing to directly aid the fighters on the ground and is that enough to change assad's administration? >> he needs to know that he can't shoot his bayway out of this and so we need to convince him of that, and i think the opposition needs more help in order to be able to do that and we are working together to have a united position with respect to that. >> the secretary hinted the u.s. might start to distribute aid in rebel held parts of syria. secretary kerry expected to talk more about the syria question at an international conference tomorrow in rome. charlie and norah? >> clarissa ward thank you. >>> the supreme court today is hearing arguments over the landmark 1965 law, at issue, whether voting rights are secure enough now to allow the rollback of protections from the civil rights era. john crawford is at the supreme court. jan, this has far-reaching consequences. tell us about what's at issue here? >> reporter: the voting rights act is one of the most arguments now just under way in the supreme court in this really significant
away from those forced spending cuts that will cut across u.s. defense and domestic programs. you might think it's finally time for congress to get serious about doing something to avoid the potential pain out there. but guess what? you would be wrong. our chief congressional correspondent dana bash is up on capitol hill to explain what is going on. go ahead, dana. explain. >> reporter: we can now report that those $85 billion in forced spending cuts will kick in by the end of the day tomorrow. why? because congress is the only place that has the power to stop them and they are gone. lawmakers racing down the capitol steps, bolting out of town for a long weekend. this was before noon, a full day before the hammer comes down on forced budget cuts they voted for. is there a concern that you all are going to leave town while these cuts kick in and you won't even be here? >> well, speaker and the leadership will be here and i'm a quick flight away. i go home every weekend to see my family. >> reporter: you're on your way out? are you on your way home? >> yes, ma'am. >> reporter: so you're n
last year and they will be paying out the vast majority of their u.s. free cash flow this year in the form of dividends to the common shareholders and buy backs. look, i think the preferred stock idea is is a really interesting idea. i haven't seen other companies use it, but this may be interesting for a lot of other companies sitting in a lot of ksh and preferred shareholders value dividend much higher than common shareholders, it kind of makes sense. >> why do you think, tavis, that apple sits on so much cash. it is a derivative of a very strong business but they can't be earning much money on that cash. they sit on it. they are not doing a lot of deals. >> look, the bigger issue is u.s. tax policy. 68% of that cash is sitting overseas and to bring that back and give it back to shareholders, requires them not only to pay a tax but also very likely requires tlem to restate their income tax rates in terms of gap accounting which lowers their earnings. so this is not an apple specific issue. it is across the tech industry broadly. and if somebody can can figure out how to unloc
this 12-story building. the source of thousands of cyber attacks against 141 u.s. companies spanning 20 industries. whose building is it? according to a new report confirmed by u.s. intelligence, it's the headquarters of unit 61398. >> i think it was time to let the world know, it's actually not just from china, it's the chinese government sanctioning these attacks. >> reporter: among the targets, america's very infrastructure. >> now our enemies are sabotaging our power grid, our financial institutions, our air traffic control systems. >> reporter: other targets of chinese hackers familiar brand names like coca-cola, facebook, "the new york times," on "wash post" and "wall street journal." and only today, apple. the hackers have user names like ugly gorilla and dota. according to this instructional video from mandiant. >> here we see dota logging into one of his operational e-mail accounts. he's used it for spear phishing and generating additional accounts. >> reporter: what is it? how hackers campaign access into a network by sending deceptive e-mails tricking users into clicking on a
be a threat? also in a few minutes u.s. senate expected to vote on chuck hagel president obama's controversial nominee for defense secretary. we'll bring to it live. more on what's going on in egypt right now. a holt air balloon carrying lots of tourists explodes and plummets to the ground. we're finding out how this could happen. we're going live to egypt. i'm wolf blitzer. you're in "the situation room." >>> we begin with the huge winter storm, the national weather service is now calling historic. cities like amarillo, texas, wichita, kansas have broken snowfall records. 45 million in 21 states are being affected one way or another. the storm is blamed for at least three deaths. look at this. it's even dangerous after the storm blows away. in kansas city, the heavy wet snow is causing roofs to collapse. nobody was hurt in this building. but the snow is also bringing down tree limbs on to power lines. in kansas city thousands of people are reported without power. george, what's going on? >> reporter: this is par for the course here in the midwest. this is the second time in a week that this r
. ♪ stay in the groove with align. >>> the u.s. government is spending about $3.8 trillion this year but if there's no deal by friday night, agencies will have to cut a fraction of that, about $85 billion clarz. so our big question is that, why would that amount have an impact in the overall economy. tom foreman is analyzing that. have you figured it out, tom? >> when you look at the $3.8 trillion, all these different programs out here, if you've cut out this amount down here, 85 billion, how can can that little slice of all this make a difference? one of the reasons it makes a difference, one of the reasons is because washington is not really looking at the whole budget and they haven't for a long, long time because what you have to consider is that all of the entitlement programs are out of the equation and these programs are bigger than all of the other programs. we aren't really cutting a whole budget. we're talking about putting these cuts in part of the budget. if you look at what has happened to entitlements, look at just defense spending. here's defense spending which is way
of tonight's speech especially with the u.s. supreme court revisiting section five of the voting rights act february 27th. this is a huge issue affecting americans. >> congressman what do you think? >> state of the union is almost like the old story emperor's clothes. you say how wonderful everything is. >> state of the union is strong. >> the american people realize they need jobs and the most important thing they want this country to come back together again. i hope the president is listening to this show. >> can you see up jobs, tee up one side? >> no. >> they want to hear we're turning back this heavy tax and heavy regulation but the most important the president could come out tonight and say we want to bring this country back together. >> there are districts where that is not what they want to hear. that's the fundamental problem. we went through president bush of deregulation and cutting taxes and that did not create jobs. we have a larger structural problem it's not clear either party really knows how to address and that is above all what americans want some answer on that. >> what a
he's bringing home 34,000 u.s. troops, 34,000 troops, gone from afghanistan, by this time next year, 2014. that, do the math, cuts the force by a little more than half, so you will have 32,000 u.s. troops still in afghanistan into 2014. stay tuned. because we will hit on this a little later, this major troop withdrawal from afghanistan. i want to talk now about tonight, about the state of the union, about gun control. and, yes, ted nugent. >> if barack obama becomes the president in november, again, i will either be dead or in jail by this time next year. >> that man, ted nugent, says he will come to the speech tonight unarmed, not a bad idea, but here you have prominent gun right supporter, how do i say this, known to be a little excitable? you with me. he'll be right there in that regal house chamber for tonight's state of the union. ted nugent will be the guest of steve stockman, house republican. stockman, from texas, says ted nugent's a patriot. here is more of ted nugent, again, speaking last april. >> our president and attorney general, our vice president, hillary clinton, th
this, terrorists have put together a list of ways to avoid becoming the target of a u.s. drone attack. i'm wolf blitzer. you're in "the situation room." . >>> we begin with yet another sensational turn of events in the oscar pistorius murder case. after a week of shocking and sometimes heartbreaking testimony, pistorius is now out of jail. the one-time olympic athlete who is known worldwide as the blade runner still faces charges of murdering his girlfriend on valentine's day. cnn's robyn curnow is joining us. update our viewers, robin. >> reporter: hi there. thanks for having me. can you believe it, it's only eight days ago that oscar pistorius admitted to shooting his girlfriend on valentine's day. it's been such a roller coaster ride for all of us watching this tragedy, slowly learning about all of these new details and one part of the story which is certainly not over did come to some conclusion today as os star pistorius walked out of court and is spending the night at a family home. take a look at this. a media frenzy on a road at rush hour. cameras trying to see what's behind t
't last. . >>> the u.s. army revoked a promotion for the former mistress of david petraeus. she is a major in the army reserve and had been approved by the promotion and the lieutenant colonel since the petraeus scandal under investigation for having classified information. the tsa is apologizing to a 3-year-old girl in a wheelchair. she has spina bifida and they were on their way to disneyworld when security agents said they needed to do a pat-down and swab her wheelchair. >> i don't want to do that. >> lucy sobbed and said she no longer wanted to go to disneyworld. her outraged mother shot this video with her cell phone and the security worker objected saying it was illegal to videotape the procedures. here's the apology saying they regret inaccurate guidance was provided during the screening and offers the apology. we maintain the security of the traveling public and strive to treat all with dignity and respect. while no pat-down was performed, we will address specific concerns with our workforce. renee is joining us live from washington. renee, what does the girl's father have to say a
army has been behind a series of cyber attacks on the u.s. the white house is reporting considering fines and other trade penalties. china denies any involvement, but hacking, those stories are big today. back to you, nicole, you're watching google the day after it it broke above 800, where is it? >> yeah, hey, well, let's talk about google, right? hey, i was checking on it, 8.07 was the high and new hundred level and he's he shouting his opening trades and you can see it above the 800 mark at 805, a good one. stuart: and it broke above 800 on our air as of this time yesterday. nicole, yahoo! what's with it, a new look or something, what's that? >> a new look and the stock is up about 1/2 a percent for yahoo! and that's one that we'll watch as the new look as well on their site. so, keep an eye on that one as well. when i think about google though, i have to double-check, but when that initial public offering happened, i think it was like $84 or something. stuart: yes. >> and it's at 807. i'm talking about the cuts, but it was in the the 80's, if you liked the idea then, you're just
. welcome to sidewalk. as we can see here, and i feel like the weather girl, but u.s. equity futures are feeling slightly higher today. we have a couple of quarterly results hitting the tape in the last few minutes. cigna reporting earnings and revenues ahead of estimates. earnings topping estimates by a nickel. we're going to continue to follow both of those stories for you this morning. scotty, back over to you. some mandy, thanks so much. now over to the weather channel. eric fisher joining us to talk about this major winter storm heading our way. good morning. >> this could be one for the record becomes here over the next couple of days. it starts in the midwest. not to ignore what's going on here across michigan, wisconsin. chicago, sleeting rain, sleet this morning, a bust of snow this evening. biggest snow totals, eastern michigan. the bull's eye is right around sagin saginaw. so difficult travel there. the cold air and this slipper moving through the states. then we've got the rain across the south. that's ingredient number two. area of low pressure there that keeps a wet day
or get out of u.s. stocks, are they going to regret making that call at this point? >> i think those days are kind of over. we're not going to nationalize the banking system. the center will hold. this is not 1933, '34, where fdr comes in and he's worried about the left, he's worried about the right. we did have that feeling in 2008, 2009. those days of 100% cash, that's for traders, it's not for the people at home. >> not practical. >> no. >> can you imagine calling, i want to go -- all the cash right now, sell it all. >> listen, you've only missed your -- the dow at 6780 and you go 100% stock? you can do that. it's called whip saw. buy high, selling low. >> the last couple of days there was certainly a feeling in the market that we were perhaps on the cusp of this bigger pullback, and the s&p right now is still above 1,500. the dow is only 50 points or so away from the 14,000 level. >> right. >> yet again. it shows you, you need to temper all of these quick decisions that people so want to make. >> things are mixed. today i feel people say the sequester's off. look, i think it's not as
the beaches, there are naturally going to be more attacks. >> it's been 557 days since the u.s. lost its top credit rating. what are we doing to get it back? jobs are key to the economic recovery. they said we have been making progress but warned a prosperous job market is going to take years to come. >> and now the paternos fighting back. a new report commissioned by the family called an investigation into the penn state sex scandal factually wrong, speculative and fundamentally wrong. they hired three experts to rebut the penn state report that claimed that paterno and three other officials famed to protect children from being abused by former coach jerry sandusky. hout front is jay paterno, and dick thornburg, one of three experts hired by the paterno family. great to see both of you, and good to see you, jay. thank you so much for coming in. you have put a lot of time into this report. you feel that your father was wronged. this has become a cause for you. >> well, the report had a couple aims. one was to get to the ruth. and i think that's more important than anything. and a second thin
world war ii veterans in the u.s. senate. what's that mean for our politics and our national perspective? >>> good morning from washington. it's friday, february 15th, it's t"the daily rundown." i'm chuck todd. president obama is standing by his embattled nominee for secretary of defense, chuck hagel, as hagel's former senate republican colleagues put up a major roadblock yesterday in their attempts to not just delay the nomination, but try to kill it. >> the yeas are 58, the nays are 40. one senator announced present. >> and with that senate vote, chuck hagel came up short of a 60-vote filibuster roadblock that senate republicans demanded, delaying what could still be hagel's eventual confirmation vote by at least two weeks. four republicans, mississippi's thad cochran, susan collins, mike johannes, and lisa murkowski voted. president obama was emphatic during a google plus question and answer session. >> my expectation and hope is that chuck hagel, who richly deserves to get a vote on the floor of the senate, will be confirmed as our defense secretary. it's just unfortunate that this k
this document to be filed in the u.s. attorney in washington d.c. and it has to do with the allegation over misuse of campaign funds. the investigation also takes in his wife sandy in chicago who served as his campaign manager. >> lynn sweet, thank you very much. much more coming up. also, we'll hear from the president in chicago. i'm brooke baldwin. listen to jim acosta in for wolf in washington. hey, jim. >>> thanks, brooke. happening now, look up in the sky. a fireball and a shocking reminder that planet earth is spinning around in a very unpredictable neighborhood. back on dry land and already heading to court, we have details of the first lawsuit filed by a passenger who says the cruise line's negligence turned their vacation into a nightmare. >>> and the "blade runner" goes to court and cries uncontrollably. wolf blitzer is off today. i'm jim acosta. you're in the situation room. we are starting in chicago where right now president obama's about to take the stage to talk about two of the top priorities from his state of the union speech, jobs and guns. we expect him to connect the nee
its own waivers. leaders of that group met recently with u.s. education secretary arne duncan. >>> other bay area headlines this morning, an attack at uc- santa cruz has led the university to begin a night safety escort program. the school is providing vans to take faculty, students and visitors anywhere on campus between 8 p.m. and 2:45 a.m. last sunday around noon a 21- year-old woman was raped on campus. >>> bart is alerting its passengers to expect delays tonight between oakland and san francisco. that's because maintenance work shut down one of the two tunnels that makes up the transbay tube starting at 10:00 tonight. they should reopen by the time bart opens for business tomorrow morning. >>> time now 5:09. ready for take-off? boeing may have a fix for dreamliner's faulty battery. >> plus, a record-breaking storm. more than 20 states brought to a standstill by a massive winter wallop. >> cool to look at, hard to explain. what is this thing that nasa caught on camera? it's time to change the way we clean. it's time to free ourselves fr
in washington in syrian policy. a u.s. official familiar with the deliberations said the issue is dead, at least for now. >>> john brennan, the president's pick to be the next cia director getting drilled at his confirmation hearing. he was pressed the targeted killing of terror suspects, including u.s. citizens. >> i think there's a misimpression on the part of some american people who believe that we take strikes to punish terrorists for past transgressio transgressions. nothing could be further from the truth. we only take actions as a last resort to save lives when there's no other alternative. >> the brennan hearing was interrupted several times by protesters. at one point, senator diane feinstein stopped the proceedings and actually had the room cleared. >>> all right. too close for comfort. scientists at nasa say a giant asteroid, about half the size of a football field, is headed our way. they predict it will pass very close to earth on february 15th. no closer than about 17,100 miles. it's one of many large space objects barrelling toward us at the very moment. experts say all of them,
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